Share Name Share Symbol Market Type Share ISIN Share Description
Ite Group Plc LSE:ITE London Ordinary Share GB0002520509 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 82.50 82.30 82.60 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 175.7 -3.7 -1.6 - 612

Ite Share Discussion Threads

Showing 651 to 674 of 975 messages
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what a lovely break out ;o)
breaking out!
just got a few...looks to be breaking out after a long period of consolidation around 100p
sirmoori, previous post, must have thought ITE was an oil and gas company from the header (ITE gas propelled upwards) when everyone knows its an exhibitions company!!
Merger mania starts to grip oil sector Created: 15 July 2009 Written by: Martin Li Centrica's £1.3bn hostile bid for North Sea gas outfit Venture Production is unlikely to be the last chapter in a burgeoning merger boom in the oil and gas sector, with a recent survey indicating that many within the industry expect takeover activity to increase markedly in the next five years. The latest Oil & Gas Outlook North Sea Survey summarises the views of 344 oil executives and industry professionals, and it found that nearly 74 per cent of survey respondents forecast greater acquisition activity in the period 2010-2015. More than 45 per cent of respondents thought the North Sea would become more important to their companies during 2010-2015, compared with 32 per cent who thought it would become less important. Even more conclusive were the views of future opportunities. Over 61 per cent of respondents thought using enhanced oil recovery techniques to maximise production from existing fields (which might otherwise recover as little as 20 to 30 per cent of the oil in a field) to be the most significant opportunity for North Sea companies. Using better technology to exploit 'stranded' fields is the bedrock of Venture's strategy, and both the company and some of its major shareholders think there is plenty more mileage in this than Centrica's offer implies. It has described the bid as "opportunistic". Centrica is after Venture's gas reserves, which account for 70 per cent for its overall reserve base, in order to increase its vertical integration and reduce its exposure to fluctuating wholesale gas prices. It has said the offer is "final" unless a counterbidder emerges, and it has the advantage of already owning 29.9 per cent of the company. The Middle East is also seeing a flurry of corporate activity. The offer from China's Sinopec for Addax Petroleum and Heritage Oil's merger with Turkey's Genel Enerji highlight the potential of Kurdistan, now further underscored by Gulf Keystone's plan to sell its Algerian assets and focus entirely on operations in Kurdistan. Across the border in Syria, shares in Emerald Energy, co-developer of the prolific Khurbet East discovery, has confirmed it is the subject of a possible cash offer, with Chinese oil companies again thought to be the most likely buyers. IC VIEW: There could well be a boom in smaller oil company takeovers, but the bidders are increasingly likely to be powerful parastatal companies with considerable bargaining power, so don't count on knock-out valuations. The Centrica-Venture situation doesn't fit this mould; with a counterbid unlikely and Centrica digging in on price, Venture's shares are fairly priced at 825p.
TIMES ITE Group Russell Taylor of ITE Group has more reason than most chief executives to be grateful for sterling's weakness. The emerging markets exhibitions organiser that he runs draws nearly three-quarters of its sales in euros. That has meant that, not only were first-half sales and operating profits better than expected – up 33 and 91 per cent respectively – but currency moves should offset some of the fall in forward bookings. ITE reported that sales volumes for the current year were down 20 per cent on last, with Ukraine and Kazakhstan especially weak. All the same, profit forecasts for ITE's next financial year were cut by up to 12 per cent, pulling the shares down nearly 7 per cent in response. The long lead times of an exhibitions organiser mean that ITE is a classic late-cycle business, so it is not surprising that the full effects of the downturn have yet to feed through. It has also had to cope with economic shocks (oil price falls, rouble devaluation) in Russia, its biggest market. The comfort is that international events, through which multinationals seek exposure to the former Soviet Union, have held up better than domestically focused peers. ITE also sits on £25 million of cash. However, at 90¾p, or nine times next year's earnings, and yielding 5.8 per cent, the shares are best avoided pending signs of greater stability in forward bookings.
Come on now ITE, this is just getting painful - I've been punished for selling at 75p, but this is just rubbing salt into the wound ! Perhaps funds have been getting back into the market in a small way, but there's just no shares to go around ?
My only consolation is that I put my cash in HAWK @ 30p - now at 38p!
Nooooo its gone vertical ! Bet you guys still in are pleased. Is this a new chart formation - have seen a few recently that are asymmetrical bottoms. ie. look like they are going to be head and shoulders, but they don't - they just carry on up.
Drat I could have got 15p more out of these !
scottie, so u got a big gob in Virtual World :- The REAL world now awaits you :-
This seems a very odd place for the share price to be hovering... ?
An area that I am not yet familiar with...
What do you mean, wish I had free cash? CFD's were produced precisely for that reason. CMC are quite good.
Yep 100p spike on its way I reckon, although difficult to know why. Odd world really - lots of worry at 50p, now up 50%+. Must try not to torture myself about 'look what you could have won' and stick to probabilities.
There is a vey positive pattern in the chart here - and I am lingering on another buy in - the pattern over the last three months is up - this looks to have dropped against its trend, and could be establishinmg a new bottom at 71 to 72. 20% from here is possible up to the results - wish I had some free cash! : ( Feel like everything is coiled, ready to collapse on the next financial headline!!!!
Unfortunately, it seems the price was accelerating at the close more rapidly than it has done at any time since 50p, when I was expecting it to hit quite heavy resistance around 75p. Got a feeling there may be more to the rise than is apparent as there was obviously resistance around 60p. Once that cleared it seems to have opened the gates. Perhaps there's some funds chasing it. But at least a good profit is a good profit and 9 times out of 10 the price would come back from the shoulder. Good luck to those still in - I think having seen the close, that you might be in for 100p sooner than expected and at least with this sort of rise when a lot of PI's might be selling, I think you might have a firm base around 70-75p as support.
That is sound advice. Still very new to all this but believe it will pull back again before the news. There seems to generally good news around but everyone seems still to be expecting a short sharp pull back (the markets in general that is) profit taken and running for the hills....
When this was down at 54p I was kicking myself as I had no real knowledge of the sector and thus no confidence - haven't felt like that for a while as I'm usually very sure of my buys - eg: SFR, even when it was down I felt very confident in it. Pledged that as soon as this one was blue I was out. This has also risen with the general market as there has been no news for a while and none planned till the results mid May (which could og either way) - right now I feel this is a bit of a bounce before the next downward spike... We learn everyday and I have learnt to sit on my cash till I'm sure, and not listen to tips that I have not throughly researched - it has worked in the past!!
must admit looking at the chart this 74/75 does seem resistance and the unusual jump of the share today seem to have my mind thinking about taking a little out. But can't decide - 8 mins to think.
I've taken a chunk out as well it looks a fair price until results and the chart looks too symmetrical to fight and go up to 100p straight away - will probably go there on Monday though ! ;-) Was quite prepared to wait to get this rise when I bought around 50p, so can't complain. Keeping a close eye on results when they come.
why you deciding to head out now. just selling in to the rise?
Me too - bought this as a tip and never have felt to comfortable with it despite the strong statements - got a little over my money back and in these markets I'm sticking to what I'm familiar with for now. No regrets! : ) Good luck all...
Taken a bit of profit and decided to get out. good luck.
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